Month: August 2011

DeVry Inc. ( DV ), one of the world’s leading providers of educational services, is scheduled to report its fourth-quarter 2011 financial results on Thursday, August 11, 2011. The current Zacks Consensus Estimate for the quarter is pegged at $1.03 a share. […]

Myriad Genetics ( MYGN ) reported an EPS of 30 cents for the fourth quarter of fiscal 2011, beating the Zacks Consensus Estimate of 28 cents, but lower than the year-ago quarter’s adjusted EPS of 39 cents (after taking into account a one-time income tax benefit of $11.5 million). For fiscal 2011, the EPS came in at $1.10, surpassing the Zacks Consensus Estimate by a penny, although lower than the previous year’s adjusted EPS of $1.41. […]

We are upgrading our recommendation on RLI Corp. ( RLI ) to Outperform from Neutral on the back of strong second quarter results. […]

Endo Pharmaceuticals ’ ( ENDP ) second quarter 2011 earnings (excluding special items) of $1.05 per share, surpassed the year-ago earnings by $0.24. Earnings, however, fell short of the Zacks Consensus Estimate by a penny. The year-over-year rise in earnings was attributable to a surge in revenues. […]

ON Semiconductor ( ONNN ) reported second quarter earnings that missed the Zacks Consensus Estimate by 3 cents. Despite higher revenue, ON Semi saw lower margins and a higher tax rate that impacted results. Management stated that the impact of the Japan tsunami had a worse-than-expected impact on the gross margin and that utilization post the disaster dropped 30% in Japan […]

Polo Ralph Lauren Corp. 's ( RL ) fiscal 2012 first-quarter earnings surged 57% to $1.90 per share from $1.21 in the year-ago period, as higher sales and strong gross margin drove performance. Quarterly earnings also surpassed the Zacks Consensus Estimate of $1.45. […]

Macy’s Inc. ( M ), one of the leading department store retailers in the United States, recently posted second-quarter 2011 results that beat the Zacks’ expectations on the heels of healthy sales, improved operating margin and effective cost management, thereby sending shares up $0.36 or 1.4% to $25.80 in pre-market trading. Consequently, the company raised its full year outlook […]

Strong performance of the Media Networks and Parks and Resorts divisions facilitated The Walt Disney Company ( DIS ) to deliver better-than-expected third-quarter 2011 results that outshined the Zacks expectations. The quarterly earnings of 78 cents a share came ahead of the Zacks Consensus Estimate of 73 cents and jumped 16% from 67 cents earned in the prior-year quarter. […]

Isis Pharmaceuticals Inc. ( ISIS ) reported a net loss of 18 cents per share in the second quarter of 2011, well below the year-ago loss of 25 cents and the Zacks Consensus loss Estimate of 21 cents. Revenues came in at $24.8 million, in-line with the Zacks Consensus Estimate. […]

Specialty pharmacy services provider, BioScrip Inc. ( BIOS ) reported a loss of 4 cents per share in the second quarter of fiscal 2011 compared with the year-ago quarter EPS of 6 cents. […]

UDR Inc. ( UDR ) recently entered into an agreement to purchase a 507-home upscale apartment community, Dwell 95, in downtown Manhattan for $325 million. The acquisition is a part of the company’s strategy to expand its presence in the New York market […]

Enterprise Products Partners LP ( EPD ) reported record second quarter 2011 results, fueled by natural gas, natural gas liquid (NGL) and crude oil production growth in the shale regions as well as strong demand for NGLs in the U.S. petrochemical industry and international markets. […]

We are downgrading the recommendation on StanCorp Financial Group Inc. ( SFG ) to Underperform from Neutral on the back of second quarter results.The quarter experienced higher level of claims incidence in the Insurance Services segment driving less favorable claims experience. The company's second quarter operating earnings are way behind the Zacks Consensus Estimate as well as year ago earnings. […]